Prepare Rent expense Account & Rent Received (income)and find out figure transfer to
2017 profit and Loss Account
2016 Rent received prepaid 800
2016 Rent expenses Prepaid 500
2017 Rent paid cash 3000
2017 Rent received cash 4000
2016 Rent expenses Owing 100
2016 Rent Income Owing 600
2017Rent expenses prepaid 250
2017 Rent income prepaid 250
2017 Rent income owing 130
2017Rent expenses owing 400